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First National Bank of Michigan

Kalamazoo, MI · Cert 58259 · First National Bcorp Inc.

National charter · OCC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

25

Q2 2024Q2 2026peer median (50)

Asset Quality

68

Q2 2024Q2 2026peer median (50)

Profitability

47

Q2 2024Q2 2026peer median (50)

Liquidity

4

Q2 2024Q2 2026peer median

Efficiency

75

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank of Michigan

Kalamazoo, MI · Cert 58259 · First National Bcorp Inc.

National charter · OCC · 6 branches

Q2 2026

$988.9MAssets
$826.3MLoans
$807.2MDeposits
$90.0MEquity
Loan mix
87%RE $715.0M13%C&I $109.9M0%Consumer $0.4MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $659.6M18%Noninterest $147.6MQ2 2025Q2 2026

NIM

4.70%Q2 ’245.02%Q2 ’255.36%Q2 ’26+25%+22%

Non-interest income vs. expense

1.77%Q2 ’241.87%Q2 ’252.01%Q2 ’26+10%+6%

Market Position · Kalamazoo-Portage, MI · 2026 SOD (annual) · 13.0% share · #3 of 13 inst. · $0.6B of $4.6B

13.0% Kalamazoo
0.5% Kent
0.8% Ottawa
0.3% Ingham

Executive Summary

  • Earnings: ROA of 0.98%, up 31 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.80% of loans (+76 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.54%, up 28 bps from a year ago.
  • Funding: loans stand at 102.37% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.98%+31 bps YoY

Net Interest Margin (YTD, annualized)

3.24%+58 bps YoY

Efficiency Ratio (YTD, annualized)

58.75%-783 bps YoY

Tier 1 Leverage Ratio

9.54%+28 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.75%0.77%0.92%0.98%+31 bps
Return on Equity7.97%8.82%8.90%10.23%10.85%+289 bps
Net Interest Margin2.66%2.72%2.80%3.12%3.24%+58 bps
Efficiency Ratio66.57%65.06%64.62%59.82%58.75%-783 bps
Non-Interest Burden1.72%1.72%1.75%1.80%1.82%+11 bps
Growth
Asset Growth (YoY)0.27%-0.19%1.59%2.38%0.84%+57 bps
Loan Growth (YoY)4.89%5.72%8.94%9.74%6.51%+161 bps
Deposit Growth (YoY)3.07%1.12%-3.76%-1.03%3.87%+81 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.65%0.82%0.80%0.80%+76 bps
Net Charge-Offs / Loans0.00%0.00%0.02%0.00%0.00%0 bps
Allowance / Loans1.34%1.33%1.33%1.38%1.44%+10 bps
Allowance Coverage of NPLs37.4x2.0x1.6x1.7x1.8x-35.5x
Capital
Tier 1 Leverage Ratio9.26%9.29%9.35%9.43%9.54%+28 bps
Total Risk-Based Capital12.13%12.21%12.09%12.19%12.21%+8 bps
Equity / Assets8.62%8.85%8.92%9.11%9.11%+49 bps
Liquidity & Funding
Loans / Deposits99.84%100.83%105.27%108.53%102.37%+253 bps
Liquid Assets / Assets2.14%2.52%1.88%1.19%2.91%+77 bps
CRE / Total Capitaln/a684%698%702%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First National Bank of Michigan

Kalamazoo, MI · Cert 58259 · Peer group: banks under $1B in assets (n=581-629) · First National Bcorp Inc.

National charter · OCC · 6 branches

Q2 2026

$988.9MAssets
$826.3MLoans
$807.2MDeposits
$90.0MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets (rank 158 of 581).
  • Widest gap: tier 1 capital ratio trails 79% of banks under $1B in assets (rank 495 of 629).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.98%

Rank 331 of 629

Net Interest Margin

3.24%

Rank 412 of 629

Efficiency Ratio

58.75%

Rank 161 of 629

Equity / Assets

9.11%

Rank 470 of 629

Non-interest income vs. expense

$1.8M$19.7MINCOMEEXPENSE
Unfavorable gap of $17.8M · efficiency ratio beats 75% of banks under $1B in assets
Bank 58.75%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.98%0.60%1.01%1.45%Beats 47%331 / 629
Return on Equity10.75%5.38%9.30%13.28%Beats 59%259 / 629
Net Interest Margin3.24%3.03%3.54%4.05%Beats 34%412 / 629
Efficiency Ratio58.75%58.35%67.79%79.08%Beats 75%161 / 629
Asset Quality
Nonperforming Loans / Loans0.80%0.09%0.46%1.20%Beats 36%373 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%158 / 581
Capital
Tier 1 Capital Ratio10.96%11.24%13.84%18.77%Beats 21%495 / 629
Total Risk-Based Capital Ratio12.21%11.58%14.43%19.66%Beats 30%440 / 629
Equity / Assets9.11%9.09%10.65%13.80%Beats 25%470 / 629
Liquidity & Funding
Loans / Deposits102.37%67.24%80.90%93.48%89th pctl66 / 594
Loans / Assets83.56%53.31%67.71%78.15%89th pctl70 / 629
Brokered Deposits / Depositsn/aNot reported for this institution